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REGISTERED NUMBER: 05386035 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Barnsley Commercial Sales Ltd

Barnsley Commercial Sales Ltd (Registered number: 05386035)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barnsley Commercial Sales Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M M Johnston





REGISTERED OFFICE: 137 Wakefield Road
Barnsley
South Yorkshire
S71 1ND





REGISTERED NUMBER: 05386035 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Barnsley Commercial Sales Ltd (Registered number: 05386035)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,316 5,754

CURRENT ASSETS
Stocks 1,169,067 1,214,569
Debtors 6 89,221 72,904
Cash at bank and in hand 3,138 13,350
1,261,426 1,300,823
CREDITORS
Amounts falling due within one year 7 556,357 576,800
NET CURRENT ASSETS 705,069 724,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,385

729,777

CREDITORS
Amounts falling due after more than one
year

8

(85,000

)

(115,000

)

PROVISIONS FOR LIABILITIES (1,026 ) (1,258 )
NET ASSETS 623,359 613,519

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 623,259 613,419
SHAREHOLDERS' FUNDS 623,359 613,519

Barnsley Commercial Sales Ltd (Registered number: 05386035)

Balance Sheet - continued
31 March 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





Mr M M Johnston - Director


Barnsley Commercial Sales Ltd (Registered number: 05386035)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Barnsley Commercial Sales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.Turnover is recognised at the point of providing the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Barnsley Commercial Sales Ltd (Registered number: 05386035)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 29,231
DEPRECIATION
At 1 April 2022 23,477
Charge for year 1,438
At 31 March 2023 24,915
NET BOOK VALUE
At 31 March 2023 4,316
At 31 March 2022 5,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,827 71,831
Other debtors 1,394 1,073
89,221 72,904

Barnsley Commercial Sales Ltd (Registered number: 05386035)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,015 30,000
Trade creditors 186,257 259,014
Taxation and social security 200,120 108,596
Other creditors 135,965 179,190
556,357 576,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 85,000 115,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 4,015 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100